Project Description
The proposed project consists of three potential IFC investments in new small and medium sized enterprise (SME) regional funds in Africa, to be managed by Aureos Capital Ltd.:
- Aureos Southern Africa Fund – regional fund targeting South Africa, Mozambique, Zambia, Zimbabwe and the SADC region excluding Tanzania.
- Aureos East Africa Fund – regional fund targeting Kenya, Tanzania, and Uganda and the East African region in general.
- Aureos West Africa Fund – regional fund targeting Nigeria, Ghana, Senegal and the ECOWAS region.
The purpose of the project is financing SMEs that demonstrate potential for profitable growth in these three African regions and achieving capital appreciation through dividends and capital gains from these SME investments.